El Salvador Breaks Ground With 1st Government Bitcoin Event
El Salvador will host a government-backed Bitcoin conference this November as officials push a new, more institutional phase of their long-running crypto experiment. Related Reading: California Gov. Newsom Fires Back At US President With ‘Trump Corruption Coin’ Tease Government Organizes Bitcoin Histórico According to government releases and reports, the event—called Bitcoin Histórico—will run on November […]
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Former Cred LLC executives Daniel Schatt and Joseph Podulka were handed federal prison terms this week after pleading guilty to a wire fraud conspiracy tied to the collapse of the crypto lender. Related Reading: El Salvador Breaks Ground With 1st Government Bitcoin Event According to court records and Justice Department statements, Schatt will serve 52 […]
This From The Ground report is gold. Stephen DeLorme visited El Salvador and got the information we needed. He talked to real people, experimented with different wallets, went to all kinds of commerces. His story is full of the confusion and angst that being the pioneer carries. El Salvador is going where no country has […]
El Salvador has started mounting Bitcoin ATMs that will enable its residents to convert cryptocurrencies to U.S. dollars. The ATMs will also allow for crypto withdrawal in cash, as the government intends to make crypto a legal tender. El Salvador, known officially as the Republic of El Salvador, is a country in Central America. It’s […]
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again, taking advantage of the falling price of bitcoin on Wednesday. President Nayib Bukele tweeted: “It was a long wait, but worth it. We just bought the dip.” At the time of writing, the price of bitcoin is $61,129, down from an all-time high of almost $67,000 on Oct. 19 based on data....
El Salvador is looking to attract foreign investment by adopting major tax breaks on Bitcoin trading. The government of El Salvador will reportedly exempt investors from paying a capital gains tax and an income tax on Bitcoin (BTC), according to a presidential legal counsel.Javier Argueta, a legal adviser to President Nayib Bukele, is looking to encourage foreign investment through major tax breaks on Bitcoin, Agence France-Presse reported Sept. 10. “If a person has assets in Bitcoin and makes high profits, there will be no tax. This is done obviously to encourage foreign investment,”....